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Gazette.Net: Venture capital falls off its own fiscal cliff in Maryland

07/23/2012

Venture capital investment in Maryland companies in the second quarter plummeted to its lowest level in almost 16 years, according to a new report.

The regional rise speaks to the value of clusters and looking at the investment community from a regional perspective, said Julia Spicer, executive director of the Mid-Atlantic Venture Association in McLean, Va.

“While the numbers are not as good as what we would like, our region was one of the eight that went up in terms of dollars,” she said. “This bodes well, given the diversity within the region, and we’re encouraged by that. The overall health of the region is still good.”